Final Results for the Year Ended 31 December 2007

1st April 2008
                                                                        GB00B23JN426/GBP/PLUS-exn

                                       Oracle Coalfields PLC

                         Final Results For The Year Ended 31 December 2007

FULL YEAR HIGHLIGHTS

    *        Successful  admission to PLUS in August 2007 at 3p per share, following  placing   of
             GBP595,000

    *       Private placing at 3p per share completed in September 2007 raising GBP106,390

    *       Sindh Carbon Energy Ltd (80% owned) granted an exploration licence over Block VI of the
            Thar Coalfield, in the Sindh Province of Pakistan, covering 66.1 square kilometres

    *       Sindh Carbon Energy Ltd granted a 100 square kilometre exploration licence at the Indus
            East coalfield, KhoreWah, in the Sindh Province of Pakistan

    *       Drilling services contract signed within budget between Sindh Carbon Energy  Ltd  and
            Pakistan-based coal specialist, Deep Rock Drilling (PVT) Ltd, to complete the work programme at
            Thar and Indus East

    *       Work programme commenced at Indus East coalfield, KhoreWah in November 2007

POST PERIOD HIGHLIGHTS

    *       Work programme commenced at Block VI of Thar in February 2008 to verify recent drilling by
            the China NE Geologic Bureau. The drilling will take the licence to a measured international JORC
            reserve with results expected Q2 2008

    *       Appointment of Roderick Stead, Non-Executive Director

CHAIRMAN'S STATEMENT

The past year has been very positive for Oracle Coalfields plc ("the Company"), with the award  of
two  prime  licences in the Sindh Province of Pakistan to our 80% owned subsidiary,  Sindh  Carbon
Energy Ltd. We have also secured funding of over GBP700,000, which has served to get the Company a
public  listing on PLUS, and will take our flagship project, Block VI at Thar, to a measured  JORC
reserve in the second quarter of 2008. Coupled with our own progress as a Company, the industry at
large has benefited from the world's increasing demands for finite energy feedstock, resulting  in
the  price  of  coal hitting record highs in the past month. This is an exciting time  for  Oracle
Coalfields,  and it gives me great pleasure to report to shareholders on progress  over  the  past
year and forthcoming milestones.

BACKGROUND

Oracle  Coalfields  PLC  was  formed  on  5 July 2006 for the  purpose  of  coal  development  and
exploitation,  and  on  6  September 2006 entered into a joint  venture  agreement  with  a  local
Pakistani  company, Sindh Koela Ltd, to pursue coal development opportunities  in  the  coal  rich
Sindh  Province of Pakistan. As part of the agreement with Sindh Koela Ltd, the parties  formed  a
joint-venture  company, Sindh Carbon Energy Ltd, which is 80% owned by Oracle Coalfields  and  20%
owned by Sindh Koela.

THE INDUS EAST LICENCE

On 9 January 2007, Oracle Coalfields and Sindh Koela signed a Memorandum of Understanding with the
Sindh  Coal Authority in Pakistan, and on 8 February 2007, the joint-venture company, Sindh Carbon
Energy  Ltd,  was  issued an Exploration Licence by the Directorate General of Mines  and  Mineral
Development,  Government of Sindh, for over 100 square kilometres of the Indus East Coalfield,  at
KhoreWah. In 1992 the Geological Survey of Pakistan completed the drilling of two boreholes, KHW-1
and  KHW-2, which returned a coal thickness of 3.2 metres and 0.95 metres respectively.  The  data
available to Oracle Coalfields has led us and our coal development partners to believe that we are
targeting a sizeable coal resource. Under Oracle Coalfields' agreement with Sindh Koela, once  the
development  of a coal mine commences, Sindh Koela will commence the development of  one  or  more
mine-mouth  power plants with an aggregate capacity of 150MW's, which could absorb  the  envisaged
annual coal production.

In  line with the stated strategy, drilling commenced at the Indus East project in November  2007,
which saw an initial three boreholes completed by local coal specialists, Deep Rock Drilling (PVT)
Ltd  ("DRD").  Upon completion of the third hole at Indus East, it was decided that the  Company's
resources  should  focus  upon Block VI of the Thar Coalfield, which was granted  in  mid-November
2007. It is anticipated that drilling will resume at Indus East in the fourth quarter of 2008.

BLOCK VI, THAR COALFIELD

On  3  November 2007, Oracle Coalfields signed a Memorandum of Understanding with the  Sindh  Coal
Authority and the Mines & Mineral Development, Government of Sindh in Pakistan and on 14  November
2007, the joint-venture company, Sindh Carbon Energy Ltd, was issued an Exploration Licence by the
Directorate  General of Mines and Mineral Development, Government of Sindh, for over  66.1  square
kilometres of Block VI, Thar Coalfield, District of Tharparkar, Sindh Province. The Thar coalfield
is  estimated to contain a total resource in excess of 175 billion tonnes of coal. To  date,  only
six blocks of the coalfield have been delineated and awarded, and we were delighted that the Mines
& Mineral Development, Government of Sindh, granted us Block VI in November 2007.

Block  VI  covers  a  landmass of 66.1 square kilometres of semi-arid land,  and  is  situated  32
kilometres from the town of Islamkot, District of Tharparkar, Province of Sindh. In 2005 the China
North East Geological Survey Bureau completed a 35-borehole programme on Block VI, as commissioned
by the Sindh Coal Authority.

The  35-borehole programme completed by the Chinese saw a total depth of 9,852 metres drilled,  of
which 5,986 metres was cored. All the boreholes were geophysically logged, and 273 lignite samples
were  analysed for quality. Provisional indications from the Chinese drilling programme show  that
there  is in excess of 700 million tonnes of lignite coal, focussed on a main lignite seam with  a
thickness  varying  between 9-20 metres at a depth of less than 150 metres.  The  quality  of  the
lignite  coal gives a heating value of 3,250 kcal/kg, with high moisture and low ash  and  sulphur
contents. The quality of this lignite is suitable for coal-fired power stations.

On  14  February 2008, our drilling contractors, DRD, commenced work on the first  borehole  of  a
seven  hole programme on Block VI of the coalfield. The purpose of this drilling programme  is  to
validate the results achieved by the China North East Geological Survey Bureau, in order to  raise
the  resource to the internationally recognised JORC standard. This validation will form the basis
of  an  independent Competent Persons Report (CPR), which is in line to be completed in the second
quarter of 2008.

It  is  intended that this will be an integrated project, whereby Sindh Carbon Energy Ltd will  be
the  producer of the coal supply, and Oracle Coalfields together with a joint venture partner will
operate  a 300 MW mine-mouth power plant. It is intended that approximately 1.5 million tonnes  of
coal  per  annum  will  be required as feedstock for a 300 MW mine-mouth  power  plant,  with  the
potential to increase this to 1,000 MW in the future.

MANAGEMENT TEAM

On  4  January,  2008, the Company announced the appointment of Roderick Stead as a  Non-Executive
director. This was an important development for Oracle Coalfields, as Roderick brings a wealth  of
experience  to our team. One of Roderick's most notable strengths is his experience  with  project
finance, having worked as leader of the financing team for Oman LNG LLC from 1996 - 1999, prior to
becoming  leader of the financing team for Nigeria LNG between 1999 - 2003. I am sure that  as  we
move  toward the stage of project financing that Roderick's experience in this area will  prove  a
valuable asset.

It  is planned that we will further strengthen the management team, and we hope to appoint a  Non-
Executive  Chairman in the near future, as well as the appointment of an additional  Non-Executive
Director.

THE PAKISTAN POWER MARKET

Pakistan continues to experience wide spread power shortages across the country. While oil and gas
currently  accounts for the majority power source, rising fuel prices make coal a  cost  effective
long  terms solution. In 2004/5 coal accounted for 1% of the total fuels (source: Pakistan  Energy
Yearbook) however, this figure is estimated to rise to 17% by 2025.

THE INTERNATIONAL COAL MARKET

In  my  previous  comments on the international coal market in September 2007, I noted  that  coal
prices  would be set to rise over the remaining months of 2007 and rise over the course  of  2008.
This  has been the case, and in recent weeks coal has hit record highs. Power-station coal  prices
have  been  trading above US$135 per metric ton, whilst thermal coal prices rose to  US$90.87  per
metric ton in January 2008.

The  rise  in coal prices have been the result of supply delays and infrastructure constraints  in
China,  Australia  and South Africa, the large contributors of thermal coal to  the  international
market.  Inclement  weather earlier this year in Queensland left several blue chip  mining  houses
declaring  "force  majeure" which will have a significant impact on production  levels  for  2008.
There  have  also  been  severe  snowstorms in China, adversely effecting  both  mines  and  power
stations.  South Africa's power shortages have been well documented as ESKOM, the country's  state
owned  power  supplier,  struggles to meet the rising demand for electricity  which  has  directly
influenced  the  price  for thermal coal and analysts are predicting continued  strength  in  coal
prices  for both the short and medium term which Oracle Coalfields should be well placed  to  take
advantage of.

FINANCIALS

The  financial  results for the period to 31 December 2007 show a loss for Oracle  Coalfields  plc
Group of Companies (Group) after taxation of GBP225,960 (Company - GBP225,960). At the period end,
the  Group had cash at bank and in hand of GBP357,654 (Company - GBP350,533) and total assets less
current liabilities of GBP543,203 (Company - GBP525,430).

OUTLOOK

The  Board is very positive about the outlook for the Company. We have developed Oracle Coalfields
apace  since joining PLUS, and now have two assets in the Sindh Province of Pakistan. Drilling  is
in  line to complete a Competent Persons Report which will take the Block VI Thar coalfield  to  a
JORC  compliant  resource.  We have strengthened the management team through  the  appointment  of
Roderick  Stead  and  look  forward  to  strengthening the Board  further  in  due  course.  These
developments may be seen as building blocks in taking the Company from PLUS to a listing on AIM at
an appropriate time.  Further announcements will be made as the Company develops its plans.

We  are pleased with the performance of the share price, which currently trades at a mid-price  of
7p, up 133% on our listing price of 3p in August 2007.

I  would  like  to take this opportunity to thank my Board for their hard work in  developing  the
Company, and our loyal shareholders for their continued support. We also extend our thanks to  the
Mines  and  Mineral  Development,  Government of Sindh, and the Sindh  Coal  Authority  for  their
continued  assistance  as  well as the continuing support from our  local  partners,  Sindh  Koela
Limited.   The  future  is  positive for Oracle Coalfields, and we  look  forward  to  a  year  of
significant  development as we take the Company towards being a leading coal producer in  Pakistan
and coupled with the rising global coal market believe the Company has built a strong platform.

Shahrukh Khan
Chairman
March 27, 2008

The Directors of the Issuer accept responsibility for this announcement.

ENQUIRIES:

ORACLE COALFIELDS PLC
SHAHRUKH KHAN, CHAIRMAN
TELEPHONE: [phone]
EMAIL: [e-mail]

CORPORATE ADVISERS

ST HELEN'S CAPITAL PLC
BARRY HOCKEN, DIRECTOR
TELEPHONE: [phone]
EMAIL: [e-mail]

CONDUIT PR
JOS SIMSON
Telephone: [phone]

Oracle Coalfields plc

Oracle Coalfields plc